KTR ACQUIRES 271,057 SQUARE FEET IN SOUTHEAST

PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact
Britt Sanders
KTR Capital Partners
212-710-5076
bsanders@ktrcapital.com
KTR ACQUIRES 271,057 SQUARE FEET IN SOUTHEAST WISCONSIN
SUBMARKET OF CHICAGO
New York, NY – February 17, 2015 – KTR Capital Partners (“KTR”) announced today that an affiliate closed on
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the acquisition of a 271,057 square foot modern distribution building located at 11200 88 Avenue in Pleasant
Prairie, Wisconsin. Constructed in 1998, and later expanded in 2008, this cross-dock facility features 25 to 32
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clearance height, ESFR, T-8 lighting and 65,692 square feet of two-story office. Additionally, 11200 88
Avenue is complemented by 31 dock doors, 460 auto parking spaces, 39 trailer parks and a 131 foot truck
court. The property is situated on the Illinois/Wisconsin border within Lakeview Corporate Park and is
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immediately adjacent to I-94. 11200 88 Avenue is fully-leased to two tenants.
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“Located just and a mile and a half from the Illinois boarder, 11200 88 Avenue is a functional, modern asset
with high-image office well-suited for tenants who want to take advantage of the more favorable Wisconsin
operating cost environment while still serving the entire Chicago metropolitan region,” said Ryan Stoller,
Senior Vice President of Investments for KTR. “The Southeast Wisconsin submarket, which boasts a current
vacancy rate of less than 4%, has consistently outperformed the Chicago metropolitan markets and we believe
this trend will continue.”
Jim Carpenter and Michael Tenteris of Cushman & Wakefield represented the Seller in this transaction.
KTR’s footprint in the Chicago market currently exceeds 11 million square feet.
KTR CAPITAL PARTNERS
KTR Capital Partners is a real estate investment, development and operating company focused exclusively on the industrial property
sector. Headquartered in New York City with offices in Philadelphia, Chicago, Dallas, Las Vegas, Los Angeles, Miami and Seattle, KTR has
an 89 person platform that manages a series of discretionary value-add investment funds that target opportunities throughout major
markets in North America. KTR funds currently own a portfolio of approximately 70 million square feet across North America and provide
nearly $7.0 billion of investment capacity. For additional information, please visit www.ktrcapital.com.